$24,197 Tax Liability Reduced to $0 in U.S. Tax Court
The IRS proposed additional income taxes against the Taxpayer via IRS Notice CP2000. The basis for the proposed assessment was unreported taxable income from the sale of securities and other miscellaneous taxable income. Despite the Taxpayer’s responses, the IRS affirmed the proposed assessment and issued a Notice of Deficiency. DeWitt Law represented the Taxpayer and filed a Petition in U.S. Tax Court to challenge the Notice of Deficiency. The Court entered a Decision reversing the assessment to $0.